New York City
The Stock Exchange plays a big part in the investing world. For instance, if you plan on investing in securities and assets related to the United States, you may want to consider the New York Stock Exchange.
But what exactly is the New York Stock Exchange? Let's get into it!
The New York Stock Exchange (NYSE) is a stock exchange located in New York City. It is the largest equities-based exchange globally, based on the total market capitalization of the securities listed in it.
Many indices track the New York Stock Exchange. However, the most dominant is the NYSE Composite Index. It began in 1960 with a base value of 50 points.
In 2003, the NYSE set its new base value of 5000 points. In 2013, it was already 10400.32.
The New York Stock Exchange has over 2800 listed companies in it. Further, it trades a massive amount of 1.46 billion shares each day.
Such companies range from blue chips to new high-growth companies. Among these are:
The New York Stock Exchange is open during weekdays except on holidays. It operates from Monday through Friday from 9:30 am to 4:00 pm Eastern Standard Time.
The New York Stock Exchange does not close for lunch and does not operate during weekends.
A stock exchange is crucial for every investor for many reasons. For instance, it's the location that brings corporations and governments, allowing investors to buy and sell equities.
You must understand the stock exchange because it's where you'll find the opportunities that suit your preference.
Isn't New York Stock Exchange right for you? Check its best alternatives.